Spirit Airlines Received Court Confirmation of Reorganization Plan
Source: Spirit Airlines Broad Support from Supermajority of Spirit's Loyalty and Convertible Bondholders Expects to Emerge from Restructuring in the Coming Weeks Positioned for Success Spirit Airlines, Inc. ("Spirit" or the "Company") announced the Company's Plan of Reorganization ("the Plan") was confirmed by the United States Bankruptcy Court for the Southern District of New York (the "Court"). With this approval in place, the Company expects to emerge from chapter 11 in the coming weeks. "The approval is a major milestone as we progress toward the successful conclusion of our in-court process," said Ted Christie, Spirit's President and Chief Executive Officer. "We will emerge as a stronger airline with the financial flexibility to continue providing Guests with enhanced travel experiences and [...]